My Analysis on NZDUSD, (FUNDAMENTAL Perspective) NZDUSD Potentially getting a Bullish Position in a week a head, Institutions are open LONG Position on NZD, there's a chance for NZD getting Stronger on USD. ( Technical Analysis ) - Wait for a price action on 0.382 FIBO - Candle should confirm Bullish and Open LONG Around 0.382. - The Red Line is a reversal...
(Fundamental Analysis) - Bank and Institutional are still holds their JPY LONG Position and suprisingly there's a quite big Ammount of New LONG Position of JPY in last 2 weeks, while USD is still under confusion and bad news, Big Banks still hold their SHORT Position on USD, we can expect a Bearish Trend on USDJPY in a week a head. (Technical Analysis) - Price is...
Boom. Entering London Session. Im pretty bullish on this pair for the time being. DXY is shooting so its only right for this pair to drop. Im expecting for the banks to push price against the trend and then continue pushing up. I have a fib zone drawn on the four hour in which price is currently in. My entry is near the .618 zone as well as a QP. Hopefully price...
I believe EurAud will drop simply because it’s formed a lower low and a lower high on the daily timeframe, hence a bearish structure. The reasoning behind my entry, is because there was a liquidity capture with that institutional candle (highlighted yellow candle), clearing equal highs (highlighted red ish). The specific entries are at the body and 50% of that...
Without comments...time will show the true.
My thoughts on AUDJPY were short overall, but taking a look at current price action on the 1H chart also presents a short term buy.... Price today touched the .618 retrace of that bearish move, which is also the third touch of upper trend line. Immediately after the touch, price created a nice bearish engulfing candle, enticing sellers to jump in. But what...